Antero Midstream Co. (AM) To Go Ex-Dividend on January 29th

Antero Midstream Co. (NYSE:AM) announced a quarterly dividend on Tuesday, January 14th,Wall Street Journal reports. Investors of record on Wednesday, January 29th will be given a dividend of 0.225 per share by the pipeline company on Wednesday, February 12th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.58%. The ex-dividend date is Wednesday, January 29th.

Antero Midstream has decreased its dividend by an average of 2.9% per year over the last three years. Antero Midstream has a payout ratio of 82.6% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect Antero Midstream to earn $0.96 per share next year, which means the company should continue to be able to cover its $0.90 annual dividend with an expected future payout ratio of 93.8%.

Antero Midstream Stock Performance

Shares of Antero Midstream stock opened at $16.13 on Thursday. The firm has a market cap of $7.76 billion, a PE ratio of 19.91 and a beta of 2.34. Antero Midstream has a 1 year low of $11.58 and a 1 year high of $16.35. The firm’s 50-day simple moving average is $15.34 and its 200-day simple moving average is $14.95. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.09 and a current ratio of 1.09.

Insider Activity at Antero Midstream

In other Antero Midstream news, Director Brooks J. Klimley sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $14.66, for a total value of $146,600.00. Following the completion of the sale, the director now directly owns 74,100 shares in the company, valued at $1,086,306. This represents a 11.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.61% of the stock is currently owned by insiders.

Analyst Ratings Changes

AM has been the subject of a number of research analyst reports. Wells Fargo & Company downgraded Antero Midstream from an “overweight” rating to an “equal weight” rating and set a $16.00 price target for the company. in a report on Wednesday, December 18th. StockNews.com cut Antero Midstream from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th.

About Antero Midstream

Antero Midstream Corporation owns, operates, and develops midstream energy assets in the Appalachian Basin. It operates in two segments, Gathering and Processing, and Water Handling. The Gathering and Processing segment includes a network of gathering pipelines and compressor stations that collects and processes production from Antero Resources' wells in West Virginia and Ohio.